0439 GMT - Global battery demand is likely to rise by 16% in 2027, Daiwa analysts write in a note. There is a clear trend of battery makers transitioning toward energy-storage systems with more capacity allocation, they say. China is leading in sodium-ion battery technology, a lower-cost alternative to lithium-ion batteries. China's controls on ESS capacity could also change the industry dynamics with more focus on project pipelines, which should benefit leading domestic battery players, they say. Daiwa maintains a positive view on battery makers CATL, Eve and LGES since ESS demand is likely to drive growth.
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